Acquiring net assets that constitute a business

Assume on January $1,2022$ an investor company paid $$1,485$ to an investee company in exchange for the following assets and liabilities transferred from the investee company:

Asset $($Liability$)$ Estimated Fair Value

Production equipment $$525$

Factory $600$

Licenses $375$

In addition, the investor provided to the seller contingent consideration with a fair value of $$150$ and the investor paid an additional $$60$ of transaction costs to an unaffiliated third party. The contingent consideration is not a derivative financial instrument. The fair values are measured in accordance with FASB ASC $820$: Fair Value Measurement.

Assume the net assets transferred from the investee qualify as a $$business$,$ as that term is defined in FASB ASC Master Glossary. At what amount will the Licenses be reported in the financial statements of the acquiring company on January $1,2022?$

Select one:

a$.$

$$424$

b$.$

$$409$

c$.$

$$371$

d$.$

$$375$